N.Y. Uniform Commercial Code 2-720 – Effect of “Cancellation” or “Rescission” on Claims for Antecedent Breach
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Section 2–720. Effect of "Cancellation" or "Rescission" on Claims for
Terms Used In N.Y. Uniform Commercial Code 2-720
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Antecedent Breach.
Unless the contrary intention clearly appears, expressions of "cancellation" or "rescission" of the contract or the like shall not be construed as a renunciation or discharge of any claim in damages for an antecedent breach.